PSB 7.6 The following is an accounts receivable ageing schedule for Cain Ltd. Number of days past due 1-30 31-60 61-90 Customer Total Not yet due Over 90 Aber $ 9 000 $ 11 000 Bohr Case 5 000 $ 30 000 Datz $ 38 000 $ 20 000 30 000 $ 30 000 50 000 15 000 38 000 120 000 92 000 258 000 137 000 3% $ 34 930 $4110 Major Ltd 15 000 29000 6% $ 1740 13 000 24000 12% $ 2 880 Estimated percentage uncollectable 30 000 24% $ 7 200 38 000 50% $ 19000 Total estimated bad debts At 31 December 2019 the unadjusted balance in allowance for doubtful debts is a credit of $10 000. Required - narrations are required a. Journalise and post the adjusting entry for bad debts at 31 December 2019. b. Journalise and post to the allowance account these 2020 events and transactions. 1. 1 March, a $600 customer balance originating in 2020 is judged uncollectable. 2. 1 May, a cheque for $600 is received from the customer whose account was written off as uncollectable on 1 March C. Journalise the adjusting entry for bad debts at 31 December 2020, assuming that the unadjusted balance in allowance for doubtful debts is a debit of $1100 and the ageing schedule of accounts receivable indicates that total estimated bad debts will be $29 100